WG Trading Principals Charged With $554M Fraud

Law360, New York (July 27, 2009, 3:11 PM EDT) -- The two principal managers of broker-dealer WG Trading Co. LP, who were arrested in February and then released on bail, have been indicted by a grand jury for allegedly running a fraudulent commodities trading and investment advisory scheme.

The indictment, filed Friday in the U.S. District Court for the Southern District of New York, charges Paul Greenwood, 62, and Stephen Walsh, 65, with one count of conspiracy, one count of securities fraud, one count of commodities fraud, two counts of wire fraud and one count of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.